Revenue Recognition (Tables)

12 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

The following table presents the Company's revenues disaggregated by segment and by products and systems versus services revenue (in millions):


	Year Ended September 30,
	2023						2022
	Products & Systems		Services		Total		Products & Systems		Services		Total

Building Solutions North America	$	6,368	$	3,962	$	10,330	$	5,708	$	3,659	$	9,367
Building Solutions EMEA/LA	2,275		1,821		4,096		2,188		1,657		3,845
Building Solutions Asia Pacific	1,987		759		2,746		2,005		709		2,714
Global Products	9,621		—		9,621		9,373		—		9,373

Total	$	20,251	$	6,542	$	26,793	$	19,274	$	6,025	$	25,299

The following table presents further disaggregation of Global Products revenues by product type (in millions):


	Year Ended September 30,
	2023		2022
HVAC	$	6,820	$	6,756
Fire & Security	2,446		2,367
Industrial Refrigeration	355		250
Total	$	9,621	$	9,373

Contract with Customer, Asset and Liability

The following table presents the location and amount of contract balances in the Company's consolidated statements of financial position (in millions):


		September 30,
	Location of contract balances	2023		2022
Contract assets - current	Accounts receivable - net	$	2,370	$	2,067
Contract assets - noncurrent	Other noncurrent assets	12		79
Contract liabilities - current	Deferred revenue	1,996		1,804
Contract liabilities - noncurrent	Other noncurrent liabilities	297		282

Capitalized Contract Cost

The following table presents the location and amount of costs to obtain or fulfill a contract recorded in the Company's consolidated statements of financial position (in millions):


	September 30,
	2023		2022
Other current assets	$	156	$	139
Other noncurrent assets	224		174
Total	$	380	$	313